Florida HNW P&C Insurance Outlook

Published: October 15, 2024

Hurricanes Helene and Milton have dealt a damaging blow to many communities in Florida and other states this year. In our recent webinar on U.S. Insurance Trends and Implications for Florida HNW P&C Insurance, our guest speaker, Scott Medley, Managing Principal of the Private Client Services division at EPIC Insurance Brokers and Consultants, shared some compelling statistics about the current landscape of P&C insurance in Florida and the enormity of the extreme weather events that have occurred prior to Helene and Milton. Check out just how severe these events have been in this excerpt or view the entire webinar.

If you are interested in donating to the FL hurricane relief efforts, Vanguard Charitable and Charity Navigator have compiled a list of eighteen vetted charities, Hurricane Helene Disaster Relief | Vanguard Charitable, that are providing relief support to individuals and communities impacted by the two hurricanes.

For individuals and businesses in Florida, the IRS is extending the deadlines for federal tax filings and payments to May 1, 2025. For more details, please visit the IRS site. Your tax advisor can provide further information and guidance.

 

Important Disclosures

This material is provided for informational or educational purposes only and should not be construed as investment, accounting, tax or legal advice. Always consult a financial, tax and/or legal professional regarding your specific situation. This communication is not intended as a recommendation or as investment advice of any kind. It is not provided in a fiduciary capacity and may not be relied upon for or in connection with the making of investment decisions. Nothing herein constitutes or should be construed as an offering of advisory services or an offer to sell or a solicitation to buy any securities or a recommendation to invest in any specific investment strategy. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future returns. The views expressed herein are as of a particular point in time and are subject to change without notice. The information and opinions presented herein are general in nature and have been obtained from, or are based on, sources believed by Klingenstein Fields Advisors (“KF Advisors’) to be reliable, but KF Advisors makes no representation as to their accuracy or completeness. Although the information provided is carefully reviewed, KF Advisors cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided. KF Advisors represents two investment advisers registered with the Securities and Exchange Commission: Klingenstein, Fields & Co., L.P. ® and KF Group, LP. If you are a KF Advisors client, please remember that it remains your responsibility to advise KF Advisors, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.